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Nubank was founded in 2013 by Colombian David Vélez, Brazilian Cristina Junqueira and American Edward Wible. The first transaction with a Nubank card was made on April 1, 2014. Four years later, Nubank became a unicorn startup with its valuation of US$1 billion. [4] In the company's first two years of existence, it raised 600 million Brazilian ...
By late 2023, Nubank had surpassed 90 million customers across Brazil, Mexico, and Colombia, cementing its status as one of the world’s largest and fastest-growing digital financial institutions. With a valuation of $23 billion, Nubank continues to expand its market share in Latin America, challenging industry giants like Itaú for dominance.